Which of the following statements about thepercent-of-sales method of financial

Which of the following statements about thepercent-of-sales method of financial forecasting istrue?A. It is the least commonly used method of financialforecasting.B. It projects all liabilities as a fixed percentage ofsales.C. It is a much more precise method of financial forecasting than acash budget would be.D. It involves estimating the level of an expense asset orliability for a future period as a percent of the forecast forsales revenues.